EconomicCanada·Unpinned14 Oct 2026
Canadian tax brackets and Old Age Security clawback explained
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Ted Rechtshaffen reported that some Canadian retirees, specifically those aged 65 and older, were subject to an effective tax rate of approximately 60 percent due to the Old Age Security (OAS) clawback. This threshold exceeds the 53.5 percent top marginal tax rate paid by high-income earners in Ontario. The situation was triggered by the OAS recovery tax…
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